Frequently Asked Questions

A bank statement loan allows you to qualify for a mortgage using only your bank statements. Bank statements are used instead of traditional methods of income verification. Usually, 12 or 24 months of bank statements are needed, although some people may be able to qualify with just one, two, or three months. It’s also worth mentioning that criteria like your credit score will be considered when determining your loan conditions.

Yes, some mortgage programs don’t require tax returns. For example, the DSCR (Debt Service Coverage Ratio) loan allows for alternative documentation, which is helpful for self-employed people or investors. Want to see if you qualify? Reach out for a consultation!

Yes! We specialize in helping self-employed individuals get loans. Our team will work with you to understand your income and find the best mortgage option. We can often use alternative documentation to make it easier for you. Want to learn more? Contact us today!

Yes, some refinancing options, like FHA Streamline or VA loans, allow you to refinance even if you have little to no equity. However, your specific options will depend on your financial situation and the type of loan you currently have. Want to explore your options? Reach out to us!

A DSCR loan is a type of business loan that is used to finance the purchase of large equipment or property. While a DSCR loan can be used for a variety of purposes, it cannot be used to finance the purchase of a primary house. This is because DSCR loans are secured by collateral, and a house cannot be used as collateral for a business loan. If you are looking to finance the purchase of a house, you will need to consider a traditional mortgage. However, if you are interested in financing the purchase of the investment property, a DSCR loan in Colorado may be the right option for you.

No, you cannot use your VA loan for investment properties. The loan must be used for the purchase of a primary residence only.

If you have any other questions about VA mortgage in California, feel free to reach out to our team of experts. We’re here to help guide you through the process and make sure you get the best possible deal on your loan.

Everyone who plans to buy a house by taking a mortgage should start with pre-approval. This stage helps plan all the further financial steps and gives a clear picture of how much you can afford. It doesn’t matter where you are in the process now, try to get pre-approved asap.
There are still options for lower credit score or damaged credit history. Contact our office to discuss available portfolio programs.
No, you don’t need a Green Card to qualify for a NON-US resident mortgage. However, it can help if you want to apply for long-term financing.
No, you do not need perfect credit to get a DSCR loan. However, your credit score will play a role in determining the interest rate you receive. Therefore, if you have any blemishes on your credit history, it’s always best to speak with a loan officer beforehand to see if you’re still eligible.
No, you do not need perfect credit to get a VA loan. However, your credit score will play a role in determining the interest rate you receive. If you have any blemishes on your credit history, it’s always best to speak with a loan officer beforehand to see if you’re still eligible.
No, you don’t need perfect credit to qualify for an FHA loan. You need to have a credit score of at least 500 to qualify. Even if you have had a bankruptcy or foreclosure in the past, you may still be eligible for an FHA loan.